Business Topics

Ailing global economy starts to weigh on U.S. job market

Oct 3, 2015

Ailing global economy starts to weigh on U.S. job market

A sagging global economy has finally caught up with the United States. Nervous employers pulled back on hiring in August and September as China’s economy slowed, global markets sank and foreigners bought fewer U.S. goods. Friday’s monthly jobs report from the government suggested that ...

Sep 30, 2015

Abe's ¥600 trillion GDP goal called 'impossible'


After enacting contentious security bills earlier this month, Prime Minister Shinzo Abe has declared that he is refocusing on the economy, with the goal of boosting gross domestic product by 20 percent to ¥600 trillion in 2020. The figure has been met with deep ...

Sep 30, 2015

Industrial output drops unexpectedly for second month

Japan’s industrial output unexpectedly fell in August, raising concern that the economy may have fallen back into its second recession since Prime Minister Shinzo Abe took government. The slump in production is likely to intensify debate on the need for Abe’s administration to increase ...

Sep 29, 2015

IMF says Japan's exports flat despite weaker yen

Japanese exports remain flat despite the bonus of a weaker yen, in part because manufacturers are shifting production overseas, the International Monetary Fund said Monday. “Real goods exports from Japan have remained broadly flat during the past few years despite a sharp depreciation of ...

Sep 28, 2015

BOJ 'committed to beating deflation'

Bank of Japan Gov. Haruhiko Kuroda vowed Monday the central bank will remain strongly committed to overcoming deflation, admitting that it will take more time for firms and households to adapt to inflationary changes. It is “true that the pace of increase in fixed ...

Sep 26, 2015

Japan, China, South Korea fail to strike FTA deal

Japan, China and South Korea ended their two-day negotiations on a trilateral trade agreement without fruit on Friday. In the eighth FTA negotiation round, the three countries remained apart even over broad items such as a statistic for indicating progress on efforts to eliminate ...